Martin Shkreli, has been called the most hated man in America. CEO of a tiny company Turing Pharmaceuticals, he had bought the lifesaving prescription drug Daraprim from its owner Impax Laboratories. He promptly hiked the price 5,455% from $13.50 a pill to $750. He has since resigned from his job […]

Oscar Wilde saying: “I can resist anything, except temptation”, or the unlikely phrase “Great Depression”, or even “Act Naturally” are all what wordsmiths call oxymorons. For many people “Business and ethics” is almost certainly an Oxymoron—an incompatible mix. For them, ethics inhibits or prevent the profit-making drive, through for example, […]

Michael A (not his real name) works for GM, one the world’s largest automotive companies, in the US. Michael and a group of colleagues have been wondering what to do about a faulty ignition switch on GM cars. Apparently a customer could be driving along at 70 mph and accidentally […]

Perhaps it’s asking too much to expect a trade association to show ethical leadership. Even so, the gap between what the Financial Services Forum says is happening and what Christine Lagarde, head of the IMF says is going on remains absurd. Speaking for the biggest banks, the Forum declares they […]

From China to Brazil, emergent nations claim one thing in common. They are fast growing and lure some of the largest firms to invest in them. A further pang of hunger comes from the West’s own slowdown. It is hard not to be impressed by the vitality of these newer […]

Even if they do not always recognise them, all business executives face moral dilemmas. What then is new? First, there is the demand to build ethics into the core of companies’ strategies. Not only do regulators expecting this, so does the rest of society. These days for example “society” can […]

Donna Boehme Principal, Compliance Strategists LLC, RAND Center for Corporate Ethics and Governance, Corporate Counsel What caught my eye last week was the Wall Street Journal story that some UK banks, under fire from regulators for their “profit over ethics” culture, had hired a professor known as “Weirdy Beardy” to […]

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